By 
After four years of shifting back and forth, the global consumer electronics sales are finally entering a phase of steady growth, with six years of rising revenue ahead. This recovery, following a major setback as consumers adjusted their budgets and spending priorities amid rising costs and inflation, has pushed consumer electronics to hit a major milestone even earlier than previously forecasted.
RELATED: Consumer electronics to become a trillion-dollar industry by 2026
According to data presented by Jemlit.com, the global consumer electronics sales are projected to reach an impressive one trillion dollars in 2025, a year ahead of the earlier forecast.
Roughly $30 Billion Higher Revenue Forecast Per Year
The consumer electronics industry has been hit hard twice in the past three years, as people tightened their budgets amid rising costs and inflation. The gigantic $44 billion revenue drop in 2022, following the market’s peak in 2021, was the worst downturn the consumer electronics segment has ever seen.
Then, just two years later, another hit, with sales plunging by $5 billion in 2024. But despite these dramatic market swings, the industry always bounces back, driven by consumers’ willingness to dig even deeper into their pockets for the latest-gen devices.
Trend of a rising number of early adopters and tech-savvy buyers
This trend of a rising number of early adopters and tech-savvy buyers who want the latest devices as soon as they’re out, along with the broader tech spending boom driven by enterprise investments in AI, cloud infrastructure, software, and digital services, is expected to turn consumer electronics into a trillion-dollar industry as soon as this year.
According to Statista’s market forecast from last year, the consumer electronics industry was expected to hit $977.5 billion in value in 2025, growing by 2.9% year-over-year. With this pace of growth, the sector would hit a one-trillion milestone in 2026 and a $1.09 trillion value by 2029. However, in July 2025, Statista revised its forecast and adjusted figures, showing that the consumer electronics segment will hit that milestone even before.
According to the revised outlook, the market will hit a one-trillion mark this year, adding roughly $30 billion more than previously estimated. This updated forecast also showed roughly 30 billion higher annual revenue throughout 2029, with the market reaching a $1.12 trillion value that year, instead of the previously projected $1.09 trillion. Also, Statista’s latest forecast shows the consumer electronics segment will see the total sales volume grow by nearly 8% in the following years, rising from 7.9 billion in 2025 to 8.5 billion in 2030.
The World to Spend $5.4T on Consumer Electronics by the End of the Decade
This new market forecast will push cumulative consumer spending to record highs. A recent Jemlit analysis showed the world has spent an eye-watering $5.8 trillion on consumer electronics since 2020, and more than half of the total spending, or $2.9 trillion, went on smartphones. PCs, laptops, and tablets came next with $1.34 trillion, followed closely by TVs, radios, and multimedia devices at $1.29 trillion. Gaming equipment had a much smaller five-year bill, costing the world “only” $185 billion, while another $22 billion was spent on drones.
With people spending over $1 trillion on consumer electronics for the first time in 2025 and adding around $30 billion to this annual bill over the next five years, cumulative spending is set to hit $5.4 trillion by 2030.
The full story and statistics can be found here:Â https://jemlit.com/blog/consumer-electronics-to-become-a-1-trillion-industry-in-2025/
